July 6, 2016

$228,000 Revenue from Baoulé Diamond Auction

6 July 2016

AIM: STEL

Stellar Diamonds plc

(“Stellar” or the “Company”)

$228,000 Revenue from Baoulé Diamond Auction

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces revenues of US$228,000 at an average of US$72.65 per carat from the auction of diamonds from its 75% owned, Baoulé kimberlite pipe in Guinea (“Baoulé” or “the Project”). This brings sales from the 100,000 tonne bulk sample exercise to US$1,228,000.  The lower average price achieved compared to previous sales reflects the fact that the parcel was made up entirely from diamonds produced from the smaller Western lobe which contains lower quality diamonds compared to the volumetrically larger Eastern lobe, and the current weaker rough diamond market.  However it should be noted that the better quality gem diamonds again achieved strong prices, with two 5 carat diamonds achieving in excess of US$3,500/ct.

About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond company with projects at the trial mining and mine development stages in Guinea and Sierra Leone.

** ENDS **

For further information contact the following or visit the Company’s website at www.stellar-diamonds.com.

Karl Smithson, CEO

Philip Knowles, CFO

Stellar Diamonds plc

Stellar Diamonds plc

Tel: +44 (0) 20 7010 7686

Tel: +44 (0) 20 7010 7686

Jon Belliss

Martin Lampshire

Beaufort Securities Limited (Joint Broker)

Daniel Stewart & Company (Joint Broker)

Tel: +44 (0) 20 7382 8300

Tel: +44 (0) 20 7776 6574

Emma Earl

Sandy Jamieson

Cairn Financial Advisers (Nominated Advisor)

Tel: +44 (0) 20 7148 7900

Lottie Brocklehurst

 

St Brides Partners Ltd

Tel: +44 (0) 20 7236 1177